Transparency International publishes CPI 2023

On 30 January 2024, Transparency International (“TI“) published the Corruption Perceptions Index 2023 (“CPI“). The CPI, which is the most widely used indicator of corruption worldwide and covers 180 countries, scores and ranks countries (or territories) based on how corrupt a country’s public sector is perceived to be by experts and business executives. Read more

FSR GLOBAL OUTLOOK 2024: FINDING SOLID GROUND AS THE BEDROCK SHIFTS

We are delighted to share our global FSR Outlook 2024: Finding solid ground as the bedrock shiftsIn 2024, the character of change facing the financial industry is more foundational - or fundamental - in nature than ever before. From ESG to AI, the shape of the world we live in is changing in a radical way. This year, we chart the paths through the shifting landscape for financial services businesses seeking solid ground. Read more

Global Corporate Crime and Investigations update – November 2023

In this first edition, we take a look at enforcement issues around the world, from an EMEA focus on whistleblower protections, to significant economic crime reforms in the UK and Australia, and US and Asian enforcement trends driven by ongoing geo-political developments - there are plenty of developments to follow! Read more

Herbert Smith Freehills publishes Global Bank Review 2023: Trust Matters

Perhaps the most striking thing about the world of finance a decade and a half since the banking crisis is that the industry has not quite managed to regain the allure and self-confidence of earlier times. Certainly, this is a time in which trust – that most precious commodity in banking – is hard to earn and retain. This year's Global Bank Review: Trust Matters explores trust on many fronts. Read more

Attention all auditors, again – HKMA and AFRC enter into new Memorandum of Understanding to strengthen collaboration

Earlier this year, we reported on the introduction of the first joint statement between the Securities and Futures Commission (SFC) and the Accounting and Financial Reporting Council (AFRC) (please see our July 2023 bulletin). More recently, the AFRC entered into a new Memorandum of Understanding (MoU) with the Hong Kong Monetary Authority (HKMA) to strengthen co-operation between the … Read more